Episode #48 - Deal of the week - Stow, Ohio

TL;DR

A comprehensive analysis of a six-unit property in Stowe, Ohio, including potential rental income and expenses.

Transcript

hello hello everyone and welcome welcome to the learn from us podcast we are super stoked today why is that Paul there's a a deal of the week jingle we're here with some new gear theme song so uh Seth kind of came up the original jingle some eccentricity here what it actually sounds like how much work went into this yes that's how much work a lot o... Read More

Key Insights

• 👪 The Stowe property is a manageable building with clean two-bedroom units, making it appealing for families.
• ✋ The potential for higher rental income makes the property attractive for investors.
• 🤱 It is important to consider expenses such as maintenance, repairs, management fees, and leasing commissions when evaluating the property's worth.
• ☠️ The location of the property in Stowe, Ohio, may impact the achievable rental rates.
• 👶 The potential need for costly repairs, such as a new roof, should be taken into account when assessing the property's value.
• 🤱 Managing the property independently can save on management fees but requires personal time commitment.
• ❓ The property's worth is estimated to be around $300,000 to $365,000, considering potential expenses and rental income.

Questions & Answers

Q: How many units does the Stowe property have?

The Stowe property has six units, which are two-bedroom, one-and-a-half bathroom townhome units.

Q: Who pays for water and sewer in the Stowe property?

The tenants pay for water and sewer, while the owner is responsible for other expenses.

Q: When was the Stowe property built?

The Stowe property was built in phases between 1929 and an unknown year in the past.

Q: What is the potential rental income for the Stowe property?

The current rent is $700 per unit per month, but it can potentially be increased to $800 or even higher.

Summary & Key Takeaways

• The property is a six-unit building located in Stowe, Ohio, with two-bedroom, one-and-a-half bathroom townhome units.

• The current rent is $700 per unit per month, but the potential rent can be increased to $800 or higher.

• Expenses such as maintenance, repairs, management fees, and leasing commissions should be considered before determining the property's worth.